Stocks open lower on Wall Street, led by banks

NEW YORK (AP) — Stocks are moving lower on Wall Street, led by a decline in banks.

Barclays fell after New York's attorney general sued the British bank, saying that it misled large institutional investors by saying it was protecting them from predatory high-frequency traders. Barclays' U.S.-listed shares fell 6 percent.

Bed Bath & Beyond plunged 8 percent after the company posted earnings and sales that fell short of analysts' estimates.

The Dow Jones industrial average fell 68 points, or 0.4 percent, to 16,798 as of noon Eastern time Thursday.